jojojojojo

But what about all the money thats been lent to Greece?? Will they have to pay it back?? Those who bought Greek bonds??? Thats where the mess will be. Will Greece be declared bankrupt? Wil tey still be able to import essential goods? Will they become such a casualty that they will need international aid???

It seems to me that the sensible (undemocratic) way of sorting this is for the EU/Germany to go in and take over the running of the country??

Jo xxx

amideislas

Probably end up asking the EU for another bailout

HBG

There is no mechanism for countries to leave the Eurozone, and we are controlled by the markets. If the markets don't like it, they will collapse, like they did in the thirties, and bankers will be leaping out of windows again.

I watched some fat Greek, the leader of the Greek neo Nazis, say on TV something like, 'Foreigners, get out of my country.' The nationalists all over Europe, including the UK, are saying the same thing.

A little man with a funny moustache said it in Germany the last time the markets collapsed, and everybody thought he was just a nutter with only some ten percent of people voting for him, but the ten percent soon turned into eighty percent when the unemployed people became hungry.

jojojojojo

There are similarities, but hopefully the world is a different place, but there are alarming issues that are the same???

Jo xxx

amideislas

...and I'd be pretty worried about that Greek army, navy and air force, and all those Greek nukes.

But seriously, we're not at that point ...yet. As Jojo says, it's a different world. But you never know... people do funny things when they're hungry and believe it's the result of an outside force...

Beaverstate

What Europe should do is deal with this mess swiftly. Greece needs to declare bankruptcy. If one or two more follow write it off, take the medicine and start to rebuild the economy. Delaying the inevitable hurts all. What happens to the Euro? I haven't a clue.

amideislas

Bit early (or late?) for you, isn't it?

Beaverstate

Just after midnight.

amideislas

Well, I welcome your presence here, but just out of curiosity, what interests you in this forum? You aren't in Kansas anymore, Dorothy.

Beaverstate

I can't speak for your region but in the US there are quite a few americans on BE. What interests me on this thread is that what happens with Europe will likely effect us all. Just putting my bit in, ignore if you see fit. Never been to Kansas. And please don't call me Dorothy.

HBG

I welcome the views of our overseas cousins on Europe, and it just goes to show how important the Euro issue is to non EU members.

The Asian markets fell on the news of the French and Greek elections over the weekend, the whole world is watching.

Beaverstate

True.

Dick Dasterdly

Well they do say that every cloud has a silver lining.




Problem is, that unlike the rest of us, they'll likely land on a great thick mattress stuffed full of Bin Ladins.

missile

When the debt ridden countries in latin america and africa were bailed out their debt was written off as foreign aid. IMHO charity begins at home and Greece deserves similar compassion from the IMF.
It seems this time the (jack)boot is on the other foot?

jojojojojo

But they lied to get into the EU, they've done nothing they were supposed to with the money they were loaned, just squandered it for greed and self interest. They are still in the situation whereby the big greek shipping magnets and companies refuse to pay taxes and dont see why they should. Their government at all levels is the most corrupt in Europe.

Jo xxx